Cellino seals Cagliari sale

Leeds United owner Massimo Cellino has sold Cagliari Calcio to Italian company Fluorsid Group for an undisclosed fee, the Serie A club announced on Wednesday.

Last Updated: 11/06/14 at 09:52 Post Comment

Massimo Cellino: Purchased Cagliari in 1992

Massimo Cellino: Purchased Cagliari in 1992

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Fluorsid, a chemical company based in Cagliari and owned by the Giulini family, has acquired 100 per cent stake of the Sardinia football club for a reported 45million euros.

A statement from the club read: "Today (Wednesday) a contract has been signed for the sale of the 100 per cent stake of Cagliari Calcio to Fluorsid Group."

Cellino purchased Cagliari in 1992 and had been looking to sell the Sardinia-based outfit since acquiring a 75 per cent stake in Leeds earlier this year.

He revealed last week he had entered negotiations with the Giulini family to hand over the club after the sale of Cagliari to an American consortium group fell through earlier this month.

"During the first few months of 2014, I convinced myself that the time had come to end my 22-year experience at the helm of Cagliari Calcio," Cellino told the club's official website.

"They have been intense and marvellous years during which I have experienced unforgettable moments.

"I want to thank everyone that has accompanied me in this journey.

"The club shareholders have taken a careful decision with regards to the sporting ambitions of the club, the seriousness of the project and the adherence of the territorial values.

"Cagliari Calcio is in need and deserves a precise and ambitious project. Fluorside Group and Tommaso Giulini are a guarantee in this sense.

"The fans can be calm. Cagliari Calcio will continue a journey of sustainable growth."

New owner Tommaso Giulini inherits a club that finished 15th in the Serie A standings, seven points clear of the drop zone.

"The Cagliari Calcio that I have in mind is ambitious," Giulini said. "It has very clear foundations: the development of a successful technical project, the growth of the youth system, innovation and to make our brand more international.

"The next few days will serve, besides defining the details of the deal, to create a working plan in order to face the main issues, such as coaching staff, team, sponsors and the stadium."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

W

ow.. ten paragraphs on West Ham in winners sections.. wow.. Its really Christmas time!!!.. Forever blowing bubbles..

metal
Premier League Winners And Losers

A

couple of wins and everything is OK! Sorry you still haven't got a striker who can consistently goals. Keep searching. I don't think Liverpool will make top four not even Europa League this time around.

larrylawrence
Rodgers still targets top four

I

f he can find the right player? Surely the manager of one of Europe's top clubs has a well-researched short-list and has a good idea of who he wants to bring on-board? If I can find the right player sounds like someone going out on Saturday night on the pull, and the nearer you get to midnight the lower your standards drop.

CamberleyGooner
Wenger to buy centre-half

Footer 365

Premier League: Chelsea go three points clear of Man City with 2-0 victory at Stoke

Chelsea will be top of the Premier League table on Christmas Day after beating Stoke 2-0 at the Britannia Stadium.

Italian Super Cup: Napoli beat Juventus 6-5 in penalty shootout after 2-2 draw in Doha

Napoli goalkeeper Rafael was the hero as his side claimed a 6-5 victory on penalties over Juventus in the Italian Super Cup.

Sky Bet Championship: Sami Hyypia quits Brighton after six months in charge

Sami Hyypia has left Brighton after the club accepted his resignation as manager.

Mail Box

Becoming A Proper Fan Again In 2014

Man United fans can thank David Moyes for making them appreciate their club again. We also have mails on Liverpool, Newcastle, another Christmas XI and more...

Wenger Has Made Arsenal Mentally Weak

We have plenty of reaction to yesterday's result, with Mailers sick of Wenger, Mertesacker and Skrtel in particular. Plus why it's not yet time for 'Austin for England'...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property